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Nitco

Nitco

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About

Highlights

Performing rate for the company

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Relaince Group

Sector: Refineries

Market Price

2,529.50

Market Cap(₹Cr.)

2,529.50

-90.00

Quarterly Results ( Figures in Rs. Crores.)

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Profit & Loss ( Figures in Rs. Crores.)

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Balance Sheet ( Figures in Rs. Crores.)

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Cash Flows ( Figures in Rs. Crores.)

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Historical Growths

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Ratios ()

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Major Shareholders

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Shareholders more than 1%

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Fund houses invested in the stock (Figures in % Equity Capital )

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Corporate Action

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Documents

Presentation & Earning Calls

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Overview

Nitco is engaged in the manufacture of flooring tiles in India. Previously known as Nitco Tiles, the company is one of the largest manufacturers of flooring tiles in India.

Headquartered in Mumbai, the Nitco Group owns 4 factories and various offices in major cities. The company has a distribution network of 18 depots, 750 direct dealers and over 5000 retail outlets spread across the country.

Nitco exports 20% of its production to various countries. It has global presence across 24 countries, including the United States, Canada, Europe, Africa, Oman, UAE and the Indian Ocean countries, and this network is fast growing. The company has installed 6 wind turbine generators. The company has created brands like INTARSIA, MOSAICO

Products

The company is engaged in the manufacture of ceramic tiles, vitrified tiles, mosaico, marble, cement terrazzo tiles and cement.

It manufactures OPC 43 Grade cement and has presence in Mumbai, Pune, Tamil Nadu, Karnataka and Kerala. Under cement, it has created brands like Lucky Cement, DG Khan Cement and Maple Leaf Cement.

Milestones

1966-Nitco was incorporated.

1984-The company started processing and distribution of imported marble. 

1997-The company commenced manufacturing of ceramic tiles at Alibag.

2001- Import of vitrified tiles.

2002-Company’s processing unit in Silvassa was awarded with ‘Quality Excellence Award’.

2004- Nitco commenced upgradation of its ceramic tiles plant. 

2006- The company expanded manufacturing capacity of ceramic tiles that is located at Alibag.         

Company got listed on Bombay Stock Exchange and National Stock Exchange.         

Nitco forayed into real estate development business through Nitco Realties

2007-Nitco opened 10 exclusive showrooms-'Lee Studio' across India.        

The company received Best SAP Project Implementation Award from SAP India.        

Company plans for expansion of manufacturing capacity for vitrified tiles at Gujrat and ceramic tiles at Alibag        

Recognition

Nitco has received the status of 'Export House' by the Government of India in the year 2002.

Nitco has also received Capexil award for exports excellence, for the 13th consecutive year.

2009 - Construction World Award Winner.
Nitco becomes a one stop shop solution, providing all premium flooring solutions, by including wall tiles to its product portfolio.
2010 - Setup of world class marble processing facility from Breton (Italy) at Silvassa
2012 - Approval of CDR Package and Issuance of LOA.
2013 - NITCO bags 20th rank in dream company to work for category by The World HRD Congress Award.

 

Brands Of Nitco

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